ST Group Food Industries lists higher on Catalist trading debut

Photo by Kristian Angelo on Unsplash

Newly-listed Singapore Exchange Catalist board member, ST Group Food Industries Holdings Limited (STFIH) reported strong interest for its initial public offering (IPO) –  comprising 30.77 million new placement shares priced at S$0.260 apiece – with gross proceeds amounting to S$7.80 million ($5.75 million).

On its trading debut, STFIH’s stock price rose by one cent above its IPO price at S$0.270. The intraday stock price range was S$0.270 and S$0.285. A total of approximately 12.59 million shares changed hand during the trading session.

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